Member Info for InJamesweTrust

Harel
I've seen Ratio mentioned elsewhere and certainly interesting too.

The Kaiteur block has slightly less success nearby but could be very prospective. I'm not familiar with the CoS ascribed to the drills and size of individual fields.
I do know 3 fields with.700m barrels plus and CoS of >30% is pretty compelling with established petroleum systems all around.
Noble ships have been used consistently in Stabroek close to Orinduik also.

Harel
I'd.say the Hammerhead extension adds sufficient value given the vast sums being spent by Exxon.
Also, take a look at the multi option agreement Exxon has penned with Noble Group for a 6yr multi drillship contract to develop this and other fields.

EAS10
Think you forget the $20m cash.
Again you are also using $8 - the potential resources are therefore discounted by more than 99%.
Time will tell on drilling but fundamentally the discount is significantly overdone.

And that 7c is a 99pc discount to the $8 figure you used and 98.6% to the $5.20 used by Pareto.

My error in that case - I'd recalled the net number incorrectly.
However, it does indicate prospects are valued at only 7 cents a barrel in Cretaceous currently.

So with the SP @34p the market cap is now the value of Eco share of Hammerhead and nothing else. Using Pareto value of a barrel in the ground between $5 and $6 for Guyana we are quite literally valued at 15% of the estimated 80m barrels of Hammerhead extending onto our.block.
So the Cretaceous upside is theoretically completely.discounted.
Now Tullow may appear screwed but there are any.numbet of avenues.open to them to change sentiment. The need for a CEO to do this quickly and get traction with investors to support proposed strategy is urgent and any incoming CEO will have an eye on potential deals and partners.
The upside.is tremendous but is a game of time as to when plans are confirmed and what these will entail.

Tullow clearly have problems on many fronts. Respol and Total clearly confident of commerciality.
Partners are beginning to sense weakness and will be in the business now of making Tullow put up or shut up. With EIA and other aspects it is a while until they'll drill.on Kanukku but Tullow are in a dangerous game where they could begin to lose acreage if they dont front up and drill across Guyana.
Eco are supported by Africa Oil and they have funds available with likely a keen interest in this acreage (Orinduik and Kanukku).

Tullow clearly have problems on many fronts. Respol and Total clearly confident of commerciality.
Partners are beginning to sense weakness and will be in the business now of making Tullow put up or shut up. With EIA and other aspects it is a while until they'll drill.on Kanukku but Tullow are in a dangerous game where they could begin to lose acreage if they dont front up and drill across Guyana.

The acting CEO was the Chair so has the authority to make decisions. There are still non-execs on the board to ensure independent scrutiny of any proposal.
The rumblings from all parties continue to sound like complicated posturing to me and be interesting over the next 2 or 3 weeks how that is resolved.
Perhaps if presented with an outcome sufficiently compelling there would be little actual decision making as it would be a formality.

Not his most polished interview.
Keen to drill. Money there.
Preference to do it within partnership, need to see targets and what is possible for partners.

Genghis
No, thought it was an enabler but makes a major difference to potential revenue, regardless of how the bill is paid for the pipeline extension.

Genghis
How far is the WOSPS pipeline? Is there any prospect of selling the gas being produced and piped off?
Cashflow on 40k bopd would be quite something.
If they drilled 2 or 3 wells per annum to maintain production, cashflow at that level is a dizzying $828m at $60 a barrel with $6-700m hitting the bottom line.

Equally a drill in June/July is 4.5 months away.
We will see what the plans are.

Eas10
The reality is none of us can say definitively what will happen. I've stated I'll take my chances here for good or bad and see what happens when activity is announced. Others have taken their position and can wait and see too.

I can understand people selling if they're not happy, I'm just not sure they'll make out better in other stocks.
Looking at the surrounding fields, and the CPR versus the current MCAP Eco are potentially one drill from proving further oil on their block. Their share is 600m barrels and at a hefty discount of $1 a barrel that is 7x the current market cap. How many other investments offer that potential and more that have a realistic CoS and surrounding success.
If a drill is announced this month for 2020 then quite a few people will be left out of the stock completely.
Even a Q4 drill is not much more than 6 months away and 6 months from drilling last February we were 65p. So, you take your chances on when news is announced and whether you're in or out I guess.
When it comes then this price will be long gone before that days open.

Mani
Most of all I like the reasoning behind people like Pro and Ronald. I'll take my chances here over 88e and certainly over BigDish. We will get news this month on plans and see what SP does from there.

Have just got the slide deck through from Seeking Alpha for Total. Notice it mentions 2-3 wells in Guyana this year and same again on Suriname.

Maverick
The sliding SP is a frustration but the value is likelyntonbe there whether it be this year or next. If there is no news (which I still doubt) then yes, absolutely this will represent a good opportunity to purchase more.
Interesting to hear the outcome of the OpCom this month.

Pro and Phoebus
Clearly Tullow have indicated only a well is possible. I had a convicting meeting so will review Total transcript. I'd say they are talking confirmed wells and until the OP Com this month none of us knows what will happen.
I know what I would push for and I know the biggest remaining catalyst Tullow have which is in their power to exercise.
I have clearly acknowledged Tullows indications but also suggested the other partners maybe have a different view/desire. How they resolve that impasse is down to the 3 of them.